Fringe Benefits – Tax Tips

To avoid the high cost of FBT, many employers choose to provide a car allowance to their employees, typically ranging from $15,000 to $20,000. Although this allowance is subject to…

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Salary Sacrifice – Tax Tips

High-wealth individuals who operate their businesses through a company structure should consider retaining funds within the corporate entity instead of receiving a wage or dividend to stay below the $250,000…

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Travel – Tax Tips

To claim travel expenses, it is mandatory to maintain a travel diary if the work-related trip extends beyond five days and is either interstate or overseas. The diary should provide…

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Family Trust – Tax Tips

Concerned about safeguarding your valuable assets from potential misuse? Establishing a trust offers security and control over your wealth, ensuring it's managed according to your wishes. With a trust, you…

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Death- Tax Tips

When someone passes away, both ordinary losses and capital losses come to an end. Theses losses cannot be transferred to the deceased estate. However, there is a valuable strategy to consider. It is advisable to utilise these capital…

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